Investment Strategy

TEAM Partners focuses on successful lower middle-market
companies with attractive growth characteristics. These businesses
typically generate up to $100 million of revenue and have a minimum
EBITDA of $1 million.

We are patient investors seeking long-term capital appreciation.
Our investment time horizon is to exit at the optimal point for the
company and the management team. We do not have an institutionally
mandated time frame to exit our investments within a prescribed
time frame.

Key criteria considered when deploying capital:

Management team with integrity and a history of success

Proven business model with a strong value proposition

Multiple avenues for growth

Favorable industry dynamics

Consistent financial performance

Opportunities for TEAM to add value

Primary industry focus and sub-verticals include:

Commercial and Industrial

Niche manufacturing

Distribution (wholesale, retail and master distributors)

Building products

Industrial products and services

MRO (maintenance, repair and operations) products

Manufacturing components

Process and measurement controls

Material handling

General industrial

Consumer Products and Retail

Branded and private label

Food and beverage

Foodservice

Foodservice equipment

Distribution

Household and personal care products

Specialty retail

Textile and apparel

Restaurants

Nutritional products

Business Services

Business process outsourcing

Education and training

Environmental services

Information services

Transaction processing

Waste services

Transportation and logistics

Franchising services

Facilities and maintenance services

Inspection and compliance services

Professional services

Direct marketing services

While we will look at investment opportunities throughout the
U.S., TEAM has a strong preference for Texas-based companies due to
the attractive business environment, low taxes, favorable
demographic trends, job growth and significant number of lower
middle market businesses based here. On a standalone basis, Texas
is the 11th largest economy in the world and the second most
populous state in the US. Texas led the nation in 2010 job
growth and its population grew over 20% from 2000-2010, which was
twice the national average. There are over 375,000 small employers
in Texas (defined as companies with less than 500 employees).
Our local presence and relationships are vitally important to
sourcing investment opportunities and working with business owners
and management teams.

We generally do not engage in opportunities that are start-up in
nature, are turnaround situations, operate in highly regulated
environments, face technology risk or have significant commodity
exposure.